AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable upon Warrant Exercise
June 12 2020 - 4:16PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that in accordance with the terms of the outstanding warrants
expiring January 19, 2021 (CUSIP number 026874156) (the “Warrants”)
to purchase shares of AIG Common Stock, par value $2.50 per share,
the Warrant exercise price will be reduced to $42.4734 per share
from $42.7176 per share and the number of shares of AIG Common
Stock receivable upon Warrant exercise will increase to 1.061 from
1.055. Each of these adjustments will be effective at the close of
business on June 15, 2020. Any Warrant exercised on or prior to
June 15, 2020 will not be entitled to these adjustments.
These adjustments resulted from the declaration by the Board of
Directors of AIG on May 4, 2020 of a dividend of $0.32 per share on
AIG Common Stock. The dividend is payable on June 29, 2020 to
stockholders of record at the close of business on June 15,
2020.
Further information on the Warrants and the adjustments to the
Warrant exercise price and number of shares of AIG Common Stock
receivable upon Warrant exercise, including the U.S. Federal income
tax treatment of these adjustments, will be available in the
Investors section of AIG’s website.
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide a wide range
of property casualty insurance, life insurance, retirement
solutions, and other financial services to customers in more than
80 countries and jurisdictions. These diverse offerings include
products and services that help businesses and individuals protect
their assets, manage risks and provide for retirement security. AIG
common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20200612005566/en/
Sabra Purtill (Investors): sabra.purtill@aig.com Shelley Singh
(Investors): shelley.singh@aig.com Claire Talcott (Media):
claire.talcott@aig.com
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